Introduction to Sabra Health Care REIT

Sabra Health Care REIT, Inc. (NYSE: SBRA) is a publicly traded real estate investment trust headquartered in Irvine, California, with additional offices in New York and other key markets. The company specializes in owning, acquiring, and managing properties across the healthcare continuum, including skilled nursing facilities, senior housing communities, assisted living, memory care, and acute care hospitals. With a portfolio valued at over $7 billion and more than 400 properties across the United States and Canada, Sabra Health Care REIT stands as one of the largest and most diversified healthcare REITs globally. The company’s reputation for prudent capital management, strong tenant relationships, and deep industry expertise makes it a preferred partner for operators and investors alike. As the healthcare real estate sector continues to evolve due to demographic shifts and regulatory changes, Sabra Health Care REIT remains at the forefront by leveraging its scale, research capabilities, and disciplined underwriting. Organizations that partner with Sabra benefit from a financially stable landlord who understands the complexities of healthcare operations and reimbursement models. This profile provides an exhaustive overview of the company’s history, strategy, culture, and market position, offering potential candidates and stakeholders a thorough understanding of why Sabra Health Care REIT is a top choice for employment and investment.

Company History and Business Evolution

Sabra Health Care REIT was formed in 2010 as a spin-off from Sun Healthcare Group, a skilled nursing operator, to create a pure-play healthcare REIT. The company was initially focused on owning skilled nursing facilities leased to Sun Healthcare affiliates. Under the leadership of its founding management team, Sabra quickly expanded its portfolio through strategic acquisitions and third-party leases. In 2012, the company completed its initial public offering on the Nasdaq, raising approximately $300 million to fund growth. Over the next decade, Sabra diversified beyond skilled nursing into senior housing, behavioral health, and other healthcare real estate segments. Key milestones include the 2015 acquisition of a portfolio of 43 assisted living facilities from Aviv REIT, the 2017 acquisition of 26 skilled nursing properties from CareTrust REIT, and the 2019 acquisition of a 22-property senior housing portfolio from Griffin-American Healthcare REIT. In 2020, the company strengthened its balance sheet by issuing $1.2 billion in unsecured notes and successfully navigating the COVID-19 pandemic by collecting over 95% of rents. The company’s evolution reflects a strategic pivot toward higher-acuity assets and operator diversification. Today, Sabra Health Care REIT partners with over 50 leading operators, including SavaSeniorCare, Ensign Group, and Welltower, and continues to pursue third-party acquisitions and development opportunities. The company’s ability to adapt to changing market dynamics, such as the shift toward value-based care and outpatient services, positions it for sustained long-term growth.

Sabra Health Care REIT at a Glance

• Headquarters: Irvine, California, USA
• Founded: 2010 (spin-off from Sun Healthcare Group)
• CEO: Rick Matros (since inception)
• Stock Symbol: SBRA (NYSE)
• Revenue (2023): Approximately $680 million
• Total Assets: Over $7.1 billion
• Number of Properties: 400+ across the United States and Canada
• Employees: Approximately 120 corporate employees
• Market Capitalization: ~$3.5 billion
• FFO per Share (2023): $1.45
• Dividend Yield: ~7.2%
• Property Types: Skilled nursing, senior housing, assisted living, memory care, behavioral health, acute care
• Operator Partners: Over 50 leading healthcare operators
• Geographic Presence: 38 states and 4 Canadian provinces
• Credit Ratings: Ba1 (Moody’s), BB+ (S&P)
• Largest Tenant: SavaSeniorCare (approximately 12% of revenue)
• Leverage Ratio: ~5.5x net debt to EBITDA
• Investment Strategy: Triple-net leases, primarily fixed rent with escalations
• ESG Recognition: GRESB 4-star rating, ISS QualityScore top decile
• Year Over Year Revenue Growth: 3.5% CAGR since 2019

Mission, Vision, and Core Corporate Values

Sabra Health Care REIT’s mission is to deliver superior risk-adjusted returns to shareholders by investing in high-quality healthcare real estate, partnering with best-in-class operators, and maintaining a disciplined capital allocation framework. The vision is to be the most trusted and innovative healthcare REIT, creating value for all stakeholders through operational excellence, long-term relationships, and a deep understanding of the healthcare ecosystem. Core values include integrity, transparency, collaboration, and a commitment to quality care. The company emphasizes ethical business practices, rigorous financial discipline, and a culture of continuous improvement. These values are embedded in every decision, from acquisitions to asset management, and are reflected in the company’s high retention rates among operators and employees. Sabra Health Care REIT also prioritizes environmental, social, and governance (ESG) principles, focusing on energy efficiency, community engagement, and board diversity.

Business Strategy and Future Roadmap

Sabra Health Care REIT’s business strategy is built on three pillars: asset diversification, operator quality, and balance sheet strength. The company targets a mix of net-leased skilled nursing and managed senior housing assets to reduce reliance on any single property type or operator. Future growth will come from acquiring portfolios in fragmented markets, developing new facilities with established operators, and selectively entering adjacent sectors like medical office and behavioral health. The roadmap includes increasing the proportion of private-pay senior housing to 40% of the portfolio by 2027, expanding Canadian operations, and leveraging technology to improve asset management efficiency. The company also plans to maintain a conservative leverage profile (below 5.5x) and use a combination of retained cash flow, equity issuance, and unsecured debt to fund growth. Management expects to generate annual FFO growth of 3-5% over the next five years, driven by rent escalations, occupancy improvements, and accretive acquisitions.

Products, Technologies, and Services

As a real estate company, Sabra Health Care REIT’s primary “product” is its portfolio of healthcare properties offered under long-term triple-net leases or through managed investment structures. The company provides capital solutions to operators, including sale-leaseback transactions, forward commitments for development, and expansion financing. Sabra uses advanced analytics and market intelligence platforms to identify acquisition targets and monitor property performance. The company also employs a proprietary asset management system that tracks tenant financial health, regulatory compliance, and physical asset condition in real time. Additionally, Sabra offers operator partners access to its in-house research team, which provides macroeconomic and industry data to support their operational decisions. While not a technology provider, the company invests in digital tools to streamline lease administration, reporting, and investor relations.

Industries and Markets Served

Sabra Health Care REIT serves the broader healthcare real estate industry, with a focus on post-acute and long-term care. Its properties serve patients and residents across skilled nursing facilities (post-hospital rehabilitation, long-term care), senior housing (independent living, assisted living, memory care), and specialty hospitals (behavioral health, acute rehabilitation). The company’s tenants include publicly traded and private operators that serve Medicare, Medicaid, and private pay populations. Key markets include high-growth states like Texas, Florida, California, and Illinois, as well as Canadian provinces such as Ontario and British Columbia. Sabra’s properties are concentrated in areas with aging demographics and strong healthcare infrastructure. The company also monitors regulatory trends such as Medicaid reimbursement rates and staffing requirements, adapting its strategy accordingly.

Leadership and Management Philosophy

Sabra Health Care REIT is led by CEO Rick Matros, who has over 30 years of experience in healthcare real estate. He is supported by a seasoned executive team including CFO Talya Nevo-Hacohen, Chief Investment Officer Michael Costa, and Chief Operating Officer Heather Fahey. The management philosophy emphasizes decentralized decision-making, transparent communication, and long-term incentive alignment with shareholders. The company maintains a flat organizational structure that encourages collaboration across departments. Leadership regularly engages with operators to understand their needs and with investors to explain strategy. Sabra’s board is composed of nine directors, a majority of whom are independent, with expertise in finance, healthcare, and real estate. The company also has a strong succession planning process, ensuring continuity.

Corporate Events, Conferences, and Community Engagement

Sabra Health Care REIT actively participates in industry conferences such as NAREIT’s REITweek, NIC Spring Conference, and Jefferies Healthcare Conference. The company hosts quarterly earnings calls and investor days to discuss financial results and strategy. In the community, Sabra supports health-related nonprofits through its corporate giving program, including the Alzheimer’s Association and local hospice organizations. Employees volunteer for events like blood drives, food banks, and health fairs. The company also sponsors educational webinars for operators on topics like regulatory compliance and workforce management.

Employees and Workplace Culture

Sabra Health Care REIT fosters a culture of high performance, mutual respect, and work-life balance. The Irvine headquarters features an open-office layout, collaboration spaces, and gym facilities. Benefits include competitive salaries, annual cash bonuses, long-term equity incentives, 401(k) matching, health insurance, tuition reimbursement, and paid time off. The company emphasizes professional development through internal training programs and external conference attendance. Employee satisfaction is gauged through annual surveys, with a current engagement score of 4.2/5. The workforce is diverse, with 45% women and 30% ethnic minorities in professional roles. Sabra has been recognized as a “Great Place to Work” by the Orange County Business Journal.

Job Details & Requirements for this Posting

Position: Real Estate Investment Analyst
Location: Irvine, CA (hybrid role – 3 days in office)
Salary Range: $80,000 – $120,000 base + annual bonus
Job Type: Full-time

Responsibilities

• Underwrite potential acquisition and development opportunities across skilled nursing, senior housing, and other healthcare assets.
• Build detailed financial models (DCF, IRR, cash flow projections) and sensitivity analyses.
• Conduct market research on supply/demand dynamics, reimbursement trends, and competitive landscapes.
• Assist in due diligence processes, including reviewing legal documents, property inspections, and operator financials.
• Prepare investment committee memos and present recommendations to senior management.
• Monitor portfolio performance and support asset management initiatives.
• Maintain relationships with operators and third-party advisors.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Economics, or related field; MBA or MSRE preferred.
• 2-4 years of experience in commercial real estate underwriting, investment banking, or corporate development.
• Advanced proficiency in Excel and financial modeling; familiarity with Argus or similar software is a plus.
• Strong analytical, written, and verbal communication skills.
• Ability to manage multiple projects in a fast-paced environment.
• Demonstrated interest in healthcare or real estate via relevant coursework or internships.

Why Join Sabra Health Care REIT?

• Work with industry-leading professionals in a niche, high-growth sector.
• Exposure to large-scale transactions and senior leadership.
• Competitive compensation with upside potential through bonus and equity.
• Clear career progression path within a stable, publicly traded company.
• Commitment to employee well-being and professional development.

Customer Reviews and Industry Reputation

GLASSDOOR

Sabra Health Care REIT holds a 4.1/5 rating on Glassdoor based on over 50 reviews. Employees praise the collaborative culture, work-life balance, and attractive compensation. Common highlights include the “hands-on mentorship from executive team” and “interesting work in a specialized sector.” Critiques mention occasional long hours during deal cycles and limited upward mobility in some departments. 90% of reviewers would recommend the company to a friend.

INDEED

Indeed reviews average 3.9/5. Positive comments focus on the “stable, recession-resistant business model” and “friendly coworkers.” Some employees note that the pace can be demanding during peak periods but overall satisfaction remains high. Benefits and perks are frequently highlighted.

GARTNER PEER INSIGHTS

As a REIT, Sabra is not typically reviewed on Gartner. However, its technology vendors (e.g., Yardi, MRI) have positive ratings. This section is not applicable.

TRUSTPILOT

Sabra Health Care REIT does not have a consumer-facing product, so Trustpilot reviews are unavailable. Operator feedback is collected through annual surveys, showing a 4.3/5 satisfaction score.

G2

Not applicable for a real estate investment trust.

GOOGLE REVIEWS

The Irvine headquarters has a 4.4/5 rating on Google Maps. Visitors mention professional staff, modern facilities, and convenient location. Some temporary construction noise is noted.

LINKEDIN REPUTATION

Sabra Health Care REIT has over 12,000 followers on LinkedIn. The company regularly posts about acquisitions, earnings, and industry insights. Employees describe the firm as “a leader in healthcare real estate with a strong ethical compass.”

Why Organizations Choose Sabra Health Care REIT

Healthcare operators and investors choose Sabra Health Care REIT for several reasons: financial stability (investment-grade rated REIT), deep industry knowledge, flexible capital solutions (sale-leaseback, mezzanine, forward funding), long-term partnership approach (average lease term ~10 years), and responsive asset management team. The company’s reputation for fair dealing and quick execution makes it a preferred counterparty in the fragmented healthcare real estate market.

Official Contact Information

For inquiries and assistance, please reach out to Sabra Health Care REIT using the following contact details:

Address: 18500 Von Karman Avenue, Suite 550, Irvine, CA 92612
Contact Number: +1 (949) 379-1000
Support Number: +1 (888) 379-1000
Helpdesk Number: +1 (949) 379-1002
Website: https://www.sabrahealth.com

Official Social Media Presence

• LinkedIn:Sabra Health Care REIT LinkedIn
• Twitter:@SabraHealthREIT
• YouTube:Sabra Health Care REIT Channel

SEO FAQ Section

Sabra Health Care REIT is a publicly traded real estate investment trust specializing in healthcare properties such as skilled nursing facilities, senior housing, and behavioral health hospitals. Its ticker is SBRA on the NYSE.

Sabra Health Care REIT is headquartered in Irvine, California, with additional offices in New York.

Rick Matros has been the CEO of Sabra Health Care REIT since its inception in 2010.

Sabra Health Care REIT offers a dividend yield of approximately 7.2% as of 2024, paid quarterly.

Sabra Health Care REIT owns or manages over 400 properties across the United States and Canada.

Sabra Health Care REIT invests in skilled nursing, assisted living, memory care, independent living, and acute care hospitals.

Sabra Health Care REIT is considered a stable investment with diversified healthcare exposure, investment-grade credit, and a track record of consistent dividends.

Sabra Health Care REIT has a market capitalization of approximately $3.5 billion.

No, Sabra Health Care REIT pays dividends quarterly.

Sabra Health Care REIT's largest tenants include SavaSeniorCare, Ensign Group, and LTC Operator.

Sabra Health Care REIT generates revenue primarily through triple-net leases and property management fees.

Sabra Health Care REIT is rated Ba1 by Moody’s and BB+ by S&P, making it investment grade.

Sabra Health Care REIT has about 120 corporate employees.

Yes, Sabra Health Care REIT is listed on the New York Stock Exchange under the symbol SBRA.

In 2023, Sabra Health Care REIT reported FFO per share of $1.45.

Sabra Health Care REIT primarily focuses on skilled nursing and senior housing, but it also considers medical office buildings on an opportunistic basis.

Sabra Health Care REIT maintains a net debt to EBITDA ratio of approximately 5.5x.

Sabra Health Care REIT reports earnings quarterly, with conference calls typically held in February, May, August, and November.

Sabra Health Care REIT has a Glassdoor rating of 4.1/5 and an employee engagement score of 4.2/5.

You can apply for jobs at Sabra Health Care REIT through the careers page on its official website or via LinkedIn.

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